Corporate news, markets, and the economy
Oracle is planning significant job cuts and halting a major Texas datacenter expansion as the costs of its AI infrastructure ambitions mount. The company is confronting hard truths about the scale and financing of the tech industry's compute arms race.
Oliver Pemberton 
Chevrolet's new hybrid Corvette ZR1X delivers hypercar performance at a fraction of European exotic costs, exposing a harsh truth about the EV sports car dream.
Sarah Cheng 
The Holman Barnes Group is pushing to boost board member pay just months after sacking and then reinstating independent directors at Wests Tigers, raising fresh questions about accountability and fiscal responsibility.
Megan Torres 
Easter chocolate prices have surged up to 33% in Australia despite cocoa costs plummeting since late 2024. Manufacturing hedges explain the disconnect.
Mitchell Tan 
An Australian shipping dynasty's court feud over a $500 million inheritance highlights the risks of poor estate planning, even among the ultra-wealthy.
Sophia Vargas 
The US economy shed 92,000 jobs in February, sparking fears AI is the culprit. But experts say the real story involves regulatory pressure, inflation, and economic uncertainty.
Sarah Cheng 
After weeks of silence, the founder of collapsed MMO Ashes of Creation has secured a court order freezing assets. But his courtroom win raises uncomfortable truths about venture-backed game development.
Andrew Marsh 
The US Customs and Border Protection admits it cannot immediately process billions in refunds from Trump's tariffs after courts ruled them illegal, citing severe technical limitations in its import processing system.
Mitchell Tan 
Nintendo of America is suing the US government to recover tariffs it paid after the Supreme Court ruled the duties unlawful. The case reflects a broader reckoning over executive overreach and billions in illegally collected tariffs.
Darren Ong 
With AI spending forecast to reach $2.52 trillion in 2026, failure rates remain high. Gartner and other industry analysts identify clear strategies to beat the odds.
Priya Narayanan 
Coles has launched an investigation into its relationship with a security contractor after allegations surfaced that the firm underpaid thousands of migrant workers and evaded taxes.
Zara Mitchell 
Kalshi paid a 15-year-old gamer to promote its platform until legal caught on. The incident reveals structural problems in an industry racing past regulators.
Tom Whitfield 
European companies making heavy use of artificial intelligence are actually hiring more workers, not cutting jobs, according to new data from the European Central Bank. The findings offer a more optimistic view than recent tech industry layoffs suggest.
Oliver Pemberton 
Sony has been quietly testing variable game prices across the PlayStation Store for months. The same game can cost different players different prices depending on their account and region.
Jake Nguyen 
Nvidia CEO Jensen Huang has effectively ended the company's ambitious $100 billion infrastructure partnership with OpenAI, pivoting instead to a $30 billion equity investment. The move reflects growing investor scrutiny around AI valuations and reveals tensions beneath Silicon Valley's AI boom.
Nina Papadopoulos 
Jack Dorsey slashed Block's workforce by 40% to restructure around AI efficiency gains, sending shares soaring. But sceptics question whether the move is genuine transformation or rebranding of pandemic overhiring.
Mitchell Tan 
Nintendo is adding Virtual Boy titles and a Game Boy Advance classic to Switch Online next week. The move reflects shrewd IP management but leaves some gamers questioning whether nostalgia is worth the premium subscription tier.
Jake Nguyen 
Apple's new MacBook Neo represents a calculated pivot from premium positioning to mass-market competition, sacrificing some build quality for a $599 price that undercuts rivals by $200-$300.
Yuki Tamura 
As autonomous AI agents scale across enterprises, data quality has become the critical bottleneck. According to new CDO research, firms are racing to fix foundational data problems before deploying AI systems that operate without human oversight.
Priya Narayanan 
Qantas has abandoned its elaborate tourism-themed safety videos in favour of a no-nonsense four-minute briefing. The shift reveals a broader industry reckoning about what actually works in an emergency.
Jake Nguyen